Retail portion of Zomato IPO gets subscribed 2.34 times

On the second day, over 2.34 times subscription by the retail investors was witnessed by the much-awaited initial public offering of the season.

On the first day itself with the retail portion being oversubscribed, the Zomato initial public offering has seen huge success on Day 1. On the second day, over 2.34 times subscription by the retail investors was witnessed by the much-awaited initial public offering of the season, according to the National Stock Exchange data at 1:50 p.m., as per a report released by Zee Business.

As against the total quota of 71,92,33,522 shares for the offer, the initial public offering has overall been subscribed 0.76 times with bids for 54,60,14,040 shares.

Bids were made for 22,35,31,425 shares which were translated to 0.57 % as against 38,88,37,690 shares, in the case of the qualified institutional buyers.

On Wednesday 14th July 2021, food aggregators Zomato Limited initial public offering had opened for public subscription and shall close on 16th July 2021. Along with an offer for sale by Info Edge Limited worth ₹375 crores, a fresh issue aggregating up to ₹9,000 crores has been comprised in the initial public offer.

With a lot size of 195 shares, Zomato initial public offer price range is ₹72 to ₹76, while for a minimum of one lot and a maximum of 13 lots, the retail investors can apply.

A total of 30,26,51,700 bid has been made as against the number of shares which were reserved for retail investors of 12,95,58,333.

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